Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$387,536$359,100
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$1,938$0
Note rate6.600%7.400%
Blended rate6.600%7.640%
1st payment$2,576.94$2,486.34
2nd payment$0.00$0.00
Taxes / mo$555.42$555.42
Insurance / mo$150.00$150.00
MI / mo$0.00$71.82
HOA / mo$398.00$398.00
Total monthly$3,680.35$3,661.57
Cash to close$11,464$39,900